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Lord Razzall (LD)

Speaking in the House of Lords on 8 July 2025

Debate

Government Performance against Fiscal Rules

Contribution

My Lords, does the Minister agree that the original purpose of the change in the fiscal rules brought in by his Government was to ensure that we did not have a ball-by-ball commentary, every time there was the remotest whiff of a financial crisis, on whether or not the fiscal rules were being observed? As I understood it, there was going to be a five-year look at the fiscal rules, but, as things stand, it appears that we are going to be subjected constantly to the noble Baroness’s question about whether the Government is complying with them. I thought the whole point about these rules, as they stand, was that that question was unnecessary.

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